The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-07
CONDITION OF THE MARKETS
Wheat Dull on Light Trading and Very
Narrow Fluctuations in Prices.
Corn Unsettled but Firmer, the Fluctuations
Being Frequent but Small-Oats Firmer
Provisions Quiet and Unchanged.


Increased Activity in New York, Marked by
Considerable Irregularity.
NEW YORK, Sept 6.-Money on call was
,ctive at 3 to per cent. the last loan
being made at per cent. closing offered at 5.
Prime mercantile paper. 709 per cent
Sterling exchange was dull but steady at
e. 79s for sixty-day bills and 81 835 for de-
nand.
The total sales Of stocks to-day were 447.S9
Jhares including the following: Canada South
srn, IL, $50; Delaware, Lackawanna s. Western.
25 400; Erie IA. sos; Kansas g Texas, 1908; Lake
Shore, 7265; Louisville g. Nashville, 1920;
Michigan Central, $500; Missouri Pacific. $3.50;
Northwestern, 91,305; New Jersey Central,
500; Northern Pacific, preferred, 3,oO7 Ohio
g. Mississippi, 200; Oregon g. Transcontinental,
$3.50; Reading, 10000; St Paul. 80, l90; Texas
Pacific, 4,42O; Union Pacific, 1886; Western
Union. &C, 400; Wheeling & Lake Erie. $500.
The stock market today was more active
than for several weeks, and while great irregu-
larity marked the dealings, further progress
was made in the downward direction. the mar
ket showing none Of the buoyancy OF last week.
The late advance. with the high figures OF the
opening, offered temptation to holders to realize,
which INDUCED in to large extent, ana the
s'bears" attacked the list vigorously, aided by
reports of rate cutting in the Scutnwest ana
speculative failures on the other side money
worked harder than usual or late and In the
absence OF large lenders rates were bid up to
per cent London was buyer or
its specialties, Reading being special
Gavorite. but the pressure OF stock Tor
gale forced it of with the remainder OF the mar
ket There was considerable buying on reported
earnings. The traders quickly got over to the
''bearp side, and by persistent hammering pro-
longed the decline until late in the afternoon
and uufayorable rumors were freely made use
Of to depress prices. The Vanderbilt stocks
we're very we'll held throughout as well as some
of the specialties and the coalers, bat Canada
Southern was remarkably strong in the late
rally. and is the only stock showing material
net advance this evening The first
sales were made at advances over Satur-
days final prices extending to per
cent. generally, but Reading was exceptional,
with q gain OF IL. The early dealings were
sell the prices gave way Immediately and the
early improvement was more than lost In the
first half hour. The market then became more
quiet and fluctuations became less marked. but
the general tendency was downward until p
NJ, when decided weakness was again shown,
and before 2 o'clock the lowest prices of the day
were reached There was some Improvement
after that time, but it made little progress until
after delivery hour, when. by extra covering
and renewed buying for the ''long'
account q material reaction was brought about.
Canada Southern, Western Union and Reading
being most cons picuous. The close was active
and strong. The majority of the active list IS
and Northern Pacific 1, while Canada Southern
Is up 81. o
Railroad bonds were dull; sales $815.000
The market stronger than that IN shares
Final prices are higher in a majority OF cases.
and Chesapeake & Ohio fours rose 3, to II.
Government bonds were dull and heavy.
State bonds dull and steady Closing quota
fiong ware.